BRP pulls back from marine
Canadian powersports manufacturer Bombardier Recreational Products has initiated a plan to shed portions of its marine business amid larger efforts…
Mintos bags €3.1 million in 14-day crowdfund
European alternative investment platform Mintos has wrapped up a €3.1 million crowdfunding campaign on Crowdcube.
Experts anticipate rate cut, but benefits to automotive still tough to project
Experts agree the Federal Reserve’s Federal Open Market Committee (FOMC) will trim interest rates by 25 basis points on Wednesday. How long it will take for that cut to lift the fortunes of dealerships and finance companies is much less … [Read More]
PODCAST: Experian connects vehicle collateral quality with defaults
Experian Automotive senior director Jim Maguire came to Used Car Week 2024 in Scottsdale, Ariz., with a straightforward premise for his presentation: the connection between vehicle collateral quality and the likelihood of default. After spending time with attendees, Maguire gave … [Read More]
BIS field study show AI use can boost productivity among programmers
A Bank for International Settlements’ field study on AI use by Ant Group programmers demontrated a clear boost in the number of lines of code produced by staff exposed to the Large Language Model.
Rydoo buys accounts payable automation specialist Semine
Expense management provider Rydoo has acquired AI-powered accounts payable automation technology provider Semine. Financial terms were not disclosed.
Camping World F&I revenue rises 7.2% YoY in Q3
RV retailer Camping World’s finance and insurance revenue rose year over year in the third quarter, in part from growing…
BNP Paribas goes deeper into the cloud with IBM
BNP Paribas has extended its partnership with IBM for a further eight years as the French bank looks to ramp up its cloud approach in support of a digital transformation programme.
Sustainable Finance Live: Speakers announced!
Sustainable Finance Live is set to take place on the 10th October at Events@No6 in London, bringing together the brightest minds in sustainable fintech to discuss new innovations in the sector.
Used-vehicle values flat as auto interest rates rise in October
Auto lenders are tightening their risk parameters, a dynamic that could slow down sales for some market segments and contribute…
Visa to issue sustainable plastic cards
Visa is to roll out cards made from recycled plastic to all financial institutions globally.
Experian watches banks recapture top auto-finance market share spot in Q2
Experian’s State of the Automotive Finance Market Report: Q2 2025 showed that perhaps banks not making many underwriting adjustments in the auto-finance department during the second quarter was shrewd strategy. Experian reported banks returned as the largest lender for total … [Read More]
Microsoft launches AI-powered Copilot for Finance
Microsoft has launched Microsoft Copilot for Finance, an AI-driven workplace automation service that is part of Microsoft 365, joining Copilot for Sales and Copilot for Service in the Microsoft Copilot suite.
IFGS 2023: FCA and NayaOne partner on permanent digital sandbox
Jessica Rusu, chief data, information and intelligence officer, FCA took to the stage at Innovate Finance Global Summit, held at the Guildhall in London, to discuss the role of regulation in protecting both the public and the industry’s infrastructure.
New data access bill paves the way for evolution of open banking to open finance
The UK Government has passed the Data (Use and Access) Bill through the House of Parliament, paving the way for expansion of open banking and smart data sharing across multiple business sectors.